Flashcards
Booklet three: Weimar Republic- Economic crisis and government response 1918-1923
Cards in this deck (6)
- 1What was Streseman's solution to hyperinflation?Ended the policy of passive resistance and was granted emergency powers in 1923. He established a new currency 'Rentenmark' which halted hyperinflation
- 2Which years were the 'Golden Years'?1925-1928
- 3What were the political consequences of Hyperinflation?The use of wide ranging emergency powers set a dangerous precedent. The stab in the back myth remained powerful propaganda for the Right wing. Weimar lost the trust of the middle classes who lost everything.
- 4Living standards in Weimar?90% of all children aged 2-6 were undernourished
Many war veterans and families
The government instituted a widespread welfare system - in 1927 an unemployment insurance law was introduced
10% unemployment in 1926 - 5Who suffered most from hyperinflation?The middle class, they were angered by rising wages for the lower class whilst theirs stayed the same. Agricultural workers also suffered from a decline in food prices and a general decline in living standards.
- 6What were the fundamental economic problems?World economic conditions did not favour Germany.
The changing balance of the population.
Savings and investment discouraged.
Government finances.
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- Flashcards on Booklet three: Weimar Republic- Economic crisis and government response 1918-1923, created by Beatrice Gray on 02/01/2016.
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- Beatrice Gray · Jan 2016
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- Apr 30, 2016
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